What information is each type of document supposed to provide?

Q: What are the characteristics of good or useful information?

A:

Q: What is the objective of a transaction log?

A: Auditing is a gathering of information and evaluation of evidence as to report on the degree of…

Q: What does the process of providing this information to external users is called? Describe about it…

A: Financial Reporting System:   It refers to monitoring the financial resources of an organization as…

Q: What does the disclosure principle require?

A:

Q: Why is a source document important? List some examples of source documents.

A: Source documents refers to the documents pertaining to a business transaction. It captures the key…

Q: The document which sets out basic rules for how a compay is to run?

A: Every company operating as a limited liabilities corporation, partnership firm, or public company…

Q: What are the relative merits of input from source documents and direct input?

A: Definition: Direct input: The data that are directly inserted into the system from the source data…

Q: What can be understood from Integrated disclosure system.

A: Integrated disclosure system: It is an update in the security exchange commission’s guidelines to…

Q: dentify the items from the following list that are likely to serve as soùrce documents. (You may…

A: Source documents: It is the document which is a proof that a transaction has taken place. It is the…

Q: What rules govern data collection?

A:

Q: What is a proxy statement? What information does it provide?

A: Definition:   Proxy statement: Proxy statement is a statement required for seeking shareholders’…

Q: what are used as evidence and the purpose of each type of document

A: Types of documents and purpose of the document as evidence.   1.Physical examination: A physical…

Q: What is the relationship among data, information, and an information system?

A: The meanings for following terms are stated below: Data: It can be described as unprocessed facts…

Q: What major types of items are reported in the retainedearnings statement?

A:

Q: What documents constitute the AP packet? Whatevidence does each document provide?

A: An organization should record a liability in its books of accounts based on the invoice amount after…

Q: What is the role of the data Librarian?

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: What information is required in a proxy statement?

A: A proxy statement is a document containing the information the Securities and Exchange Commission…